Vanguard U.S. Momentum Factor ETF
ALTAR
Score™
2.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
44.5x P/Sales
ratio
1.8x
P/BV
ratio
4.3x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard
Website www.vangaurd.com
Inception date Feb 13, 2018
Assets (mns) $40
Currency USD
Expense ratio 13 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 530
Wgt avg mkt cap (mns) $68,467
Large cap (>$10bn) 53.1%
Mid cap ($2-10bn) 25.4%
Small cap (<$2bn) 21.5%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
REGENERON PHARMACEUTICALS 1.6 %
VERTEX PHARMACEUTICALS INC 1.5 %
TESLA MOTORS INC 1.0 %
HUMANA INC 1.0 %
APPLE INC 0.9 %
CHARTER COMMUNICATIONS, INC. CLASS 0.9 %
LAM RESEARCH CORP 0.9 %
ADOBE SYSTEMS INC 0.8 %
TARGET CORP 0.8 %
NVIDIA CORP 0.8 %
Total 10.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
IRELAND 1.6 %
BERMUDA 0.6 %
BRITAIN 0.6 %
CANADA 0.2 %
ARGENTINA 0.2 %
PUERTO RICO 0.1 %
MONACO 0.1 %
CAYMAN ISLANDS 0.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.8% 7.5% -- -- 4.2%

Market Correlations
versus... Beta R-squared
S&P500 1.10 88%
MSCI EAFE 1.08 70%
MSCI Emg. Mkts. 0.81 57%

Technical Indicators
Recent close $83.28
30d moving avg. $77.98
Annualized volatility 22.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.6%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $146,951

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard U.S. Momentum Factor ETF ETF based on the alternatives' overlap in portfolio holdings with VFMO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VFMO Expense: 13 bp ALTAR Score™: 2.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VFMO
Ticker Fund
Name
Overlap1
vs VFMO
(%)
Expense
ratio
(bp)
Savings
vs VFMO
(bp)
ALTAR
Score™
(%)
ALTAR
vs VFMO
(%)
FAD First Trust Multi Cap Growth AlphaDEX Fund 42.6 66 -53 2.6 +0.5
JMOM JPMorgan U.S. Momentum Factor ETF 35.3 12 1 3.9 +1.8
FDMO Fidelity Momentum Factor ETF 34.9 29 -16 3.9 +1.8
FTC First Trust Large Cap Growth AlphaDEX Fund 31.9 61 -48 3.0 +0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 30.8 12 1 5.1 +3.0
TUSA First Trust Total US Market AlphaDEX ETF 30.1 70 -57 6.2 +4.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 29.7 15 -2 4.8 +2.7
VFMF Vanguard U.S. Multifactor ETF 29.6 18 -5 7.4 +5.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 28.7 9 4 5.6 +3.5
ESGV Vanguard ESG U.S. Stock ETF 26.6 12 1 5.4 +3.3
FEX First Trust Large Cap Core AlphaDEX Fund 26.3 60 -47 6.1 +4.0
VTI Vanguard Total Stock Market Index Fund 26.3 3 10 5.3 +3.2
JHML John Hancock Multifactor Large Cap ETF 26.3 34 -21 5.6 +3.5
SCHB Schwab U.S. Broad Market ETF 26.2 3 10 5.4 +3.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.2 3 10 5.3 +3.2
IWV iShares Russell 3000 ETF 26.1 20 -7 5.2 +3.1
SFY SoFi Select 500 ETF 26.1 0 13 5.4 +3.3
VTHR Vanguard Russell 3000 Index Fund 26.0 10 3 5.3 +3.2
SPMO Invesco S&P 500 Momentum ETF 26.0 13 0 4.5 +2.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 26.0 29 -16 6.2 +4.1
SCHK Schwab 1000 Index ETF 25.9 5 8 5.4 +3.3
AVUS Avantis U.S. Equity ETF 25.9 15 -2 5.9 +3.8
AUSF Global X Adaptive U.S. Factor ETF 25.7 27 -14 8.1 +6.0
IYY iShares Dow Jones U.S. ETF 25.6 20 -7 5.3 +3.2
SIZE iShares Edge MSCI USA Size Factor ETF 25.5 15 -2 6.0 +3.9
SCHX Schwab U.S. Large-Cap ETF 25.4 3 10 5.5 +3.4
PBUS Invesco PureBeta MSCI USA ETF 25.4 4 9 5.4 +3.3
IWB iShares Russell 1000 ETF 25.3 15 -2 5.3 +3.2
PBP Invesco S&P 500 BuyWrite ETF 25.2 49 -36 5.1 +3.0
VONE Vanguard Russell 1000 ETF 25.2 8 5 5.4 +3.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 25.0 9 4 6.0 +3.9
AFLG First Trust Active Factor Large Cap ETF 25.0 55 -42 5.6 +3.5
VXF Vanguard Extended Market Index Fund 24.9 7 6 3.9 +1.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.9 2 11 5.5 +3.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.8 30 -17 6.8 +4.7
VV Vanguard Large-Cap Index Fund 24.6 4 9 5.4 +3.3
HSPX Global X S&P 500 Covered Call ETF 24.6 65 -52 5.0 +2.9
SPTM SPDR Portfolio Total Stock Market ETF 24.6 3 10 5.7 +3.6
SCHG Schwab U.S. Large-Cap Growth ETF 24.5 4 9 4.3 +2.2
IUSG iShares Core S&P US Growth ETF 24.4 4 9 4.5 +2.4
SPXE ProShares S&P 500 Ex-Energy ETF 24.4 27 -14 5.5 +3.4
EUSA iShares MSCI USA Equal Weighted ETF 24.2 15 -2 6.2 +4.1
QUS SPDR MSCI USA StrategicFactors ETF 24.2 15 -2 5.9 +3.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 24.2 35 -22 5.9 +3.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 24.1 75 -62 3.7 +1.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 24.0 19 -6 6.3 +4.2
SPLG SPDR Portfolio Large Cap ETF 23.9 3 10 5.6 +3.5
IVV iShares Core S&P 500 ETF 23.9 4 9 5.6 +3.5
SPY SPDR S&P 500 ETF Trust 23.9 9 4 5.5 +3.4
IWF iShares Russell 1000 Growth ETF 23.8 19 -6 4.4 +2.3
VONG Vanguard Russell 1000 Growth Index Fund 23.7 8 5 4.5 +2.4
IQSU IQ Candriam ESG US Equity ETF 23.7 9 4 5.3 +3.2
VOO VANGUARD S&P 500 ETF 23.7 3 10 5.6 +3.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 23.6 20 -7 5.6 +3.5
PDP Invesco DWA Momentum ETF 23.6 62 -49 2.8 +0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 23.5 25 -12 6.3 +4.2
SPYG SPDR Portfolio S&P 500 Growth ETF 23.4 4 9 4.5 +2.4
IVW iShares S&P 500 Growth ETF 23.3 18 -5 4.4 +2.3
VFQY Vanguard U.S. Quality Factor ETF 23.3 13 0 6.1 +4.0
QGRO American Century STOXX U.S. Quality Growth ETF 23.3 29 -16 3.1 +1.0
BFOR Barron's 400 ETF 23.3 66 -53 6.4 +4.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 23.2 35 -22 5.9 +3.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 23.2 20 -7 5.1 +3.0
VOOG Vanguard S&P 500 Growth ETF 23.0 10 3 4.5 +2.4
SCIU Global X Scientific Beta US ETF 23.0 19 -6 5.8 +3.7
RBUS Nationwide Risk-Based U.S. Equity ETF 23.0 30 -17 5.1 +3.0
SPXN ProShares S&P 500 Ex-Financials ETF 22.9 27 -14 5.2 +3.1
ESGU iShares MSCI USA ESG Optimized ETF 22.8 15 -2 5.2 +3.1
VB Vanguard Small-Cap ETF 22.8 5 8 5.5 +3.4
MGC Vanguard Mega Cap Index Fund 22.7 7 6 5.4 +3.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 22.7 6 7 5.2 +3.1
ONEO SPDR Russell 1000 Momentum Focus ETF 22.6 20 -7 6.6 +4.5
ROUS Hartford Multifactor US Equity ETF 22.4 19 -6 7.3 +5.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 22.3 60 -47 4.6 +2.5
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 22.2 29 -16 4.4 +2.3
IWM iShares Russell 2000 ETF 22.1 19 -6 3.7 +1.6
VUG Vanguard Growth Index Fund 22.1 4 9 4.2 +2.1
SCHA Schwab U.S. Small-Cap ETF 21.8 4 9 4.9 +2.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 21.7 17 -4 6.6 +4.5
VTWO Vanguard Russell 2000 Index Fund 21.6 10 3 3.7 +1.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 21.6 21 -8 3.2 +1.1
ETHO Etho Climate Leadership U.S. ETF 21.5 47 -34 4.4 +2.3
IWL iShares Russell Top 200 ETF 21.4 15 -2 5.2 +3.1
IWO iShares Russell 2000 Growth ETF 21.3 24 -11 0.8 -1.4
RNLC Large Cap US Equity Select ETF 21.1 60 -47 6.3 +4.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 21.1 29 -16 6.8 +4.7
VTWG Vanguard Russell 2000 Growth Index Fund 21.1 15 -2 0.8 -1.3
IWR iShares Russell Midcap ETF 21.1 19 -6 5.7 +3.6
IUS Invesco Strategic US ETF 21.1 19 -6 6.3 +4.2
CATH Global X S&P 500 Catholic Values Custom ETF 21.0 29 -16 5.4 +3.3
SNPE Xtrackers S&P 500 ESG ETF 21.0 11 2 5.3 +3.2
JQUA JPMorgan U.S. Quality Factor ETF 20.9 12 1 5.3 +3.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 20.8 34 -21 5.2 +3.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 20.6 24 -11 7.7 +5.6
VEGN US Vegan Climate ETF 20.5 60 -47 5.3 +3.2
RPG Invesco S&P 500 Pure Growth ETF 20.5 35 -22 4.5 +2.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 20.3 20 -7 7.7 +5.6
ESG FlexShares STOXX US ESG Impact Index Fund 20.3 32 -19 5.3 +3.2
FLQL Franklin LibertyQ U.S. Equity ETF 20.3 15 -2 6.4 +4.3
VBK Vanguard Small-Cap Growth Index Fund 20.2 7 6 2.6 +0.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Vanguard U.S. Momentum Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.2 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 2.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.53
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.